United Kingdom (UK)
Go Compare expects increased dual pricing in motor
Go Compare is expecting differential pricing to grow more pronounced this year, potentially buoying the company’s flagging motor comparison business.
Trade Voice: Biba's Vannessa Young on diversity for all
Many firms have signed up to the Women in Finance Charter but as Vanessa Young, compliance and advisory boards manager at the British Insurance Brokers' Association, explains as with any strategy businesses need be sure of what they want to achieve and…
Biba plans 'Dragon's Den' hackathon
A Dragon's Den-style 'hackathon' will be held for the second year running at the British Insurance Broker's Association conference in Manchester.
RSA suffers £43m underwriting loss in second 'disappointing' year
RSA UK & International have announced a second consecutive year of UK losses, recording an unprofitable combined operating ratio of 101.4%.
Insurers warned not to use Brexit to ‘offload customers’
The regulator has issued a warning to insurance companies not to use Brexit as “an excuse to offload customers”.
Hastings profit sees steady growth
Hastings saw profit after tax of £130.6m in 2018, an increase of 3% from £126.7m in 2017.
Go Compare sees comparison revenue down as fewer customers switch
Go Compare saw revenue from its price comparison business fall by £4.8m as a result of “lower customer switching activity”.
Swinton closes Lowestoft branch
Broker Swinton has closed its Lowestoft branch, leading to six redundancies.
Telematics Watch: Telematics and safer driving – is it working?
With telematics volumes rising steadily in recent years to pass the one million policy mark, a key question for those looking to accelerate its take-up further is whether the main premise of the product – that it is making the UK’s roads safer – is being…
Insurers should stick to 'risk reflective pricing'
Insurers should ensure that premiums are a fair reflection of risk, a conference heard.
Pay-per-mile motor insurtech By Miles raises £5m
By Miles has raised £5m in a Series A funding round led by Bought by Many investor, Octopus Ventures.
Q&A: Richard Coleman, Collinson
With increased regulation and Brexit travel insurance is facing an interesting time, Post caught up with Richard Coleman, European director at Collinson, who talked to us about his thoughts on market developments in 2019.
RSA appoints Charlotte Jones as new CFO
RSA has appointed Charlotte Jones as its chief financial officer, replacing Scott Egan.
Penny James to become Direct Line CEO
Direct Line has appointed its chief financial officer Penny James as the successor to Paul Geddes as CEO.
Pool Re launches first terrorism cat bond
Pool Re, the UK’s state-backed terrorism reinsurer, has launched the first ever catastrophe bond to exclusively cover terrorism risk.
Analysis: What happens to motor after March 29?
In the event of a no-deal Brexit, motorists will have to carry green cards in the EU. But that’s just the tip of the iceberg
Lloyd's syndicate-backed insurtech launches
Lime, a new life insurtech targeting what it calls a “protection gap” in the UK, has launched.
Amanda Blanc issues caution on insurer big data use
Zurich EMEA CEO, Amanda Blanc cautioned insurers on how they use big data in her keynote speech at the Association of British Insurers annual conference.
Insurers must ‘take responsibility’ for dual pricing: Minister
Finance minister Robert Jenrick today warned insurers they must take responsibility for dual pricing.
LV's Mike Crane on dealing with changing customer expectations
Customers’ expectations are changing and they are demanding to be more informed. Mike Crane says insurers risk alienating customers if they don’t explain how and why they price risks
Industry shifts toward executive gender balance
The number of women on the executive teams of insurance companies has increased by a fifth, a study by the Association of British Insurers has found.
No deal Brexit an ‘unforgivable act of economic self-harm’
Huw Evans, director general of the Association of British Insurers, will tonight warn that if there is no alternative other than no deal then the UK must delay Brexit.
QBE Europe sees profit dip
QBE Europe has seen its profit dip slightly even as it grew premium.
Auto renewals cost drivers £1.23bn a year
Auto renewals are costing drivers a collective £1.23bn a year, according to research by Go Compare.